USMC Options History — March 2021

In March 2021, USMC traded between $34.90 and $36.99. ATM implied volatility averaged 21.3%, placing in the 3.3% IV rank vs the trailing year. The 30-day expected move averaged 5.7%. IV traded above realized volatility by 6.6% (HV 20d: 14.7%). Max pain ranged from $36.00 to $36.00. Net GEX was positive for 20 of 23 trading days. Term structure was in contango for 11 of 23 days. Put/call ratio averaged 0.00.

Notable Days

  • 2021-03-03: Highest Volume — 2 contracts
  • 2021-03-10: Largest IV drop — 37.7% change
  • 2021-03-09: Highest IV Rank — 7.8%
  • 2021-03-03: Largest Expected Move — 7.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$36.26$34.90$36.99$36.10$36.92
Max Pain$36.00$36.00$36.00$36.00$36.00
ATM IV21.3%14.7%30.0%24.6%16.9%
Expected Move5.7%4.2%7.6%7.1%4.8%
HV 20d14.7%11.5%16.1%12.2%13.5%
HV 60d13.9%12.5%14.3%12.5%14.2%
IV Rank3.3%0.0%7.8%4.9%1.2%
IV Percentile12.6%0.0%30.6%18.3%2.8%
Term Structure-0.0%-6.3%11.2%-1.2%0.5%
VWIV32.0%20.4%48.9%48.9%26.8%
Skew 25d5.2%0.0%10.0%7.2%10.0%
Skew 10d3.6%-11.2%9.6%3.4%3.9%
Call IV 25d16.7%12.9%25.2%19.5%13.3%
Put IV 25d21.9%15.0%29.1%26.7%23.4%
Bid-Ask Spread %146.79138.28156.44138.28153.17
Gamma HHI0.880.591.001.001.00
Net GEX25604690325
Net DEX-1.8K-2.7K00-2.7K
Net VEX-3-500-3
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume0.1740200
Total OI1.870301

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-03-01$36.10$0.0024.6%7.1%12.2%4.9%0.0%7.2%-1.2%0000.00138.28N/AN/A0000
2021-03-02$35.99$0.0025.9%7.4%11.7%5.6%0.0%4.4%-4.9%0000.00141.84N/AN/A0000
2021-03-03$35.60$0.0026.7%7.6%11.5%6.0%48.9%3.8%-6.3%0000.00140.34N/AN/A2000
2021-03-04$34.90$0.0028.8%6.7%13.4%7.2%20.4%5.9%-0.1%31-6800.00138.44N/AN/A1020
2021-03-05$35.62$36.0024.9%5.0%15.2%5.0%0.0%8.2%4.9%266-1.6K-50.00142.30N/AN/A0030
2021-03-08$35.61$36.0027.1%5.5%15.0%6.2%0.0%7.2%2.5%257-1.6K-50.00141.12N/AN/A0030
2021-03-09$36.01$36.0030.0%5.8%15.6%7.8%0.0%7.6%0.3%274-1.9K-50.00150.56N/AN/A0030
2021-03-10$36.20$36.0018.7%5.3%15.7%1.6%0.0%7.9%-0.4%292-2.0K-50.00143.25N/AN/A0030
2021-03-11$36.43$36.0017.7%5.1%15.7%1.0%0.0%4.2%1.1%311-2.1K-50.00143.63N/AN/A0030
2021-03-12$36.38$36.0021.8%6.2%15.7%3.3%0.0%4.7%-2.6%307-2.2K-50.00154.67N/AN/A0030
2021-03-15$36.50$36.0021.5%6.2%15.7%3.1%0.0%5.8%-2.9%307-2.3K-50.00153.73N/AN/A0030
2021-03-16$36.66$36.0020.6%5.9%15.8%2.6%0.0%3.0%-3.7%269-2.3K-40.00154.25N/AN/A0030
2021-03-17$36.60$36.0014.7%4.2%15.8%0.0%0.0%3.1%3.6%322-2.2K-40.00142.34N/AN/A0030
2021-03-18$36.23$36.0015.1%4.3%16.1%0.2%0.0%0.0%11.2%374-2.0K-40.00141.47N/AN/A0030
2021-03-19$36.25$36.0017.5%5.0%15.8%1.6%0.0%3.0%1.0%327-1.9K-40.00142.52N/AN/A0030
2021-03-22$36.51$36.0021.2%6.1%15.9%3.6%0.0%6.1%-2.2%267-2.2K-40.00148.71N/AN/A0010
2021-03-23$36.39$36.0015.2%4.4%15.9%0.3%0.0%2.4%3.0%389-2.2K-40.00142.60N/AN/A0010
2021-03-24$36.26$36.0017.5%5.0%15.9%1.6%0.0%3.4%5.9%286-2.0K-40.00153.61N/AN/A0010
2021-03-25$36.30$36.0014.9%4.3%14.2%0.1%0.0%2.1%2.7%469-2.0K-30.00145.02N/AN/A0010
2021-03-26$36.65$36.0020.4%5.8%14.5%3.1%0.0%7.0%-2.0%294-2.3K-30.00153.96N/AN/A0010
2021-03-29$36.99$36.0024.0%6.9%14.1%5.1%26.8%5.9%-4.3%254-2.5K-30.00156.44N/AN/A1010
2021-03-30$36.77$36.0024.3%7.0%14.2%5.3%0.0%6.8%-6.1%264-2.4K-30.00154.02N/AN/A0010
2021-03-31$36.92$36.0016.9%4.8%13.5%1.2%0.0%10.0%0.5%325-2.7K-30.00153.17N/AN/A0010